Ramkrishna Forgings shines on making additional investment in RKFL Engineering Industry
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Ramkrishna Forgings is currently trading at Rs. 771.70, up by 47.85 points or 6.61% from its previous closing of Rs. 723.85 on the BSE.
The scrip opened at Rs. 725.00 and has touched a high and low of Rs. 777.00 and Rs. 724.95 respectively. So far 66218 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 777.00 on 20-Nov-2023 and a 52 week low of Rs. 216.30 on 28-Nov-2022.
Last one week high and low of the scrip stood at Rs. 777.00 and Rs. 664.55 respectively. The current market cap of the company is Rs. 13808.47 crore.
The promoters holding in the company stood at 47.41%, while Institutions and Non-Institutions held 21.86% and 30.72% respectively.
Ramkrishna Forgings has made an additional investment by way of rights issue in the equity share capital of RKFL Engineering Industry (REIPL), wholly owned subsidiary company, by subscription of 1,00,00,000 equity shares for an amount of Rs 10 each, aggregating to Rs 10 crore, in cash.
Ramkrishna Forgings is engaged in the manufacture of Screw Couplings, Draw Gear Assembly, Snubber Assembly, Hanger, Block Hanger Side Frame Key and various other forgings items of Railway Coaches and Wagon.
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